Posted by: Sommer Saadi on June 20, 2011
Dennis Gartman advances the smartest chart of this Monday…. the Bank for/of
International Settlements look at eposure to Greece (via the bbc.com). Summary,
and you don’t need a picture…France and Germany are kilometers apart as
France has a heavier exposure.
We monitor EUR-CHF as the tea-leaf of choice…it shows modest yet nervous
stability at 1.207 francs per euro. It was at 1.30 mid-April. Wow.
Brian Foran at Nomura looks at US housing and suggests price-declines affect
earnings and less-so revenues. I would suggest house prices more souther
affects behavior…rapidly. Discuss